v3.26.3
DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
 9 Months Ended
Sep. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of derivative instruments
We had the following notional amounts of outstanding commodity contracts that were entered into to hedge forecasted purchases:
September 30, 2026December 31, 2025September 30, 2025
Commodity Notional Value($ in millions)
Natural gas$100.5 $93.9 $66.1 
Ethane42.8 34.7 37.4 
Metals105.2 90.0 130.7 
Total notional$248.5 $218.6 $234.2 
Summary of location and fair value of derivative instruments on condensed balance sheets
The following table summarizes the location and fair value of the derivative instruments on our condensed balance sheets:
September 30, 2026December 31, 2025September 30, 2025
Balance Sheet Location($ in millions)
Current Assets
Commodity contractsOther current assets$13.3 $20.5 $8.7 
Foreign currency contractsOther current assets2.9 — 0.1 
Noncurrent Assets
Commodity contractsOther assets2.0 3.3 2.6 
Total derivative assets(1)
$18.2 $23.8 $11.4 
Current Liabilities
Commodity contractsAccrued liabilities$12.0 $16.0 $3.9 
Foreign currency contractsAccrued liabilities— 0.6 1.1 
Noncurrent Liabilities
Commodity contractsOther liabilities0.1 — — 
Total derivative liabilities(1)
$12.1 $16.6 $5.0 
(1)     Does not include the impact of cash collateral received from or provided to counterparties, if any.
Summary of effects of derivative instruments on condensed statements of income
The following table summarizes the effects of derivative instruments on our condensed statements of operations:
Amount of Gain (Loss) for the
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Location of Gain (Loss)($ in millions)
Cash Flow Hedges
Commodity contractsOther comprehensive income (loss)$0.8 $(11.3)$(4.6)$9.6 
Commodity contractsCost of goods sold(2.2)(8.5)— 12.4 
Not Designated as Hedging Instruments
Foreign exchange contractsSelling and administrative(1.0)(3.5)(9.1)(17.8)